ECONOMY - FINANCE / Finance

European Parliament's first reflections on pan-European covered bonds framework

Brussels, 30/05/2017 (Agence Europe)

On Tuesday 30 May, MEPs discussed the possibility of establishing a pan-European framework for covered bonds, during the examination of a report within Parliament's 'economic and monetary affairs' committee.

Readers may recall that covered bonds are bonds the servicing of which (payment of interest and repayment of the capital) is covered by mortgage loans or claims on the public sector, for instance local authorities.

The own-initiative report presented proposes the creation of a European...